No. As of September 2026, Avangrid Inc (AGR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Avangrid Inc does not pass Musaffa's business and financial screening criteria.
Avangrid, Inc. engages in the energy transmission and gas distribution. The company is headquartered in Orange, Connecticut and currently employs 7,999 full-time employees. The company went IPO on 2015-12-17. The firm operates in approximately 24 states with two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving approximately 3.3 million customers in New York and New England. Avangrid Renewables owns and operates 9.3 gigawatts of electricity capacity, primarily through wind and solar power, with a presence in 22 states across the United States. The firm operates through two segments: Networks and Renewables. Networks segment includes all the energy transmission and distribution activities, any other regulated activity originating in New York and Maine and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts. Its Renewables segment offers activities relating to renewable energy, mainly wind energy generation and trading related to such activities.
Avangrid Inc AGR
$36.02
Last Updated: Dec 23, 12:00 AM·XDUS
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AGR Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Avangrid Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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FAQ's for Avangrid Inc (AGR)
As of September 2026, Avangrid Inc AGR is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Avangrid Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Avangrid Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Avangrid Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Avangrid Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Avangrid Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Avangrid Inc (AGR)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.